Centrus Energy (NYSE:LEU) Hits New 1-Year High - Time to Buy?

Key Points

• Centrus Energy Corp. (NYSE:LEU) recently reached a new 52-week high of $318.08, with significant trading volume and a closing price of $312.19.
• The stock currently has a consensus rating of "Moderate Buy" from analysts, with varying target prices ranging from $215.00 to $300.00.
• Despite a year-over-year revenue decline of 18.3%, Centrus reported earnings of $1.59 per share for the most recent quarter, greatly exceeding the consensus estimate.

Centrus Energy Corp. (NYSE:LEU - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as $318.08 and last traded at $312.19, with a volume of 2987143 shares trading hands. The stock had previously closed at $276.00.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on LEU shares. Northland Securities set a $275.00 target price on Centrus Energy in a report on Thursday, August 7th. HC Wainwright restated a "buy" rating and set a $300.00 target price on shares of Centrus Energy in a report on Tuesday, August 26th. William Blair restated an "outperform" rating on shares of Centrus Energy in a report on Wednesday, July 9th. UBS Group upgraded Centrus Energy to a "hold" rating and set a $215.00 target price on the stock in a report on Monday, July 21st. Finally, Evercore ISI lifted their price objective on Centrus Energy from $251.00 to $252.00 and gave the stock an "outperform" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, Centrus Energy presently has a consensus rating of "Moderate Buy" and an average target price of $202.09.

Centrus Energy Stock Up 13.1%

The company has a debt-to-equity ratio of 3.09, a current ratio of 2.93 and a quick ratio of 2.46. The business has a 50 day moving average price of $221.47 and a 200 day moving average price of $150.31. The firm has a market capitalization of $5.68 billion, a P/E ratio of 70.79 and a beta of 1.53.

Centrus Energy (NYSE:LEU - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $1.01. Centrus Energy had a return on equity of 84.09% and a net margin of 16.56%.During the same quarter last year, the business earned $1.89 EPS. The firm's quarterly revenue was down 18.3% on a year-over-year basis. On average, analysts predict that Centrus Energy Corp. will post 2.63 earnings per share for the current year.

Hedge Funds Weigh In On Centrus Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft bought a new position in Centrus Energy during the second quarter valued at about $1,302,000. Dynamic Technology Lab Private Ltd bought a new position in Centrus Energy during the first quarter valued at about $625,000. GAMMA Investing LLC increased its stake in Centrus Energy by 8,075.0% during the first quarter. GAMMA Investing LLC now owns 12,753 shares of the company's stock valued at $793,000 after acquiring an additional 12,597 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in Centrus Energy by 380.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 6,449 shares of the company's stock valued at $401,000 after acquiring an additional 5,108 shares during the period. Finally, Exchange Traded Concepts LLC increased its stake in Centrus Energy by 35.2% during the second quarter. Exchange Traded Concepts LLC now owns 73,112 shares of the company's stock valued at $13,393,000 after acquiring an additional 19,051 shares during the period. 49.96% of the stock is currently owned by institutional investors.

Centrus Energy Company Profile

Centrus Energy Corp. supplies nuclear fuel components and services for the nuclear power industry in the United States, Belgium, Japan, and internationally. The company operates through two segments, Low-Enriched Uranium (LEU) and Technical Solutions. The LEU segment sells separative work units (SWU) components of LEU; natural uranium hexafluoride, uranium concentrates, and uranium conversion; and enriched uranium products to utilities that operate nuclear power plants.

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